Gold imports fall 22.73 percent | Pakistan Today

Gold imports fall 22.73 percent

The gold imports into the country fell in first quarter of current fiscal year by 22.73 per cent against the same period of last year.
The imports of gold during the period under review remained US $28.421 million against the imports of US $36.782 million during the same period of previous year.
According the data of Pakistan Bureau of Statistics, the overall imports of metal group increased by 0.57 per cent during July September (2012-13) against the same period of last year.
The metal imports during the period under review remained $687.087 million against imports of $683.194 million during same period of last year.
Imports of iron and steel scrap registered a growth of 23.30 percent during July-September (2012-13).
Iron and steel scrap imports into the country were recorded at $166.551 million during first quarter of current fiscal year against imports of $135.082 million during July-September (2011-12).
Imports of iron and steel shrank by 3.84 percent by falling from
$331.788 million to $319.048 million whereas the imports of aluminum wrought and worked decreased by 9.30 percent by going down from $30.741 million to $27.881 million.
The imports of all other metal and articles were recorded at $145.186 million during the period under review against the imports of $148.801 million in last year posting a negative growth of 5.95 percent.
Meanwhile, during the month of September 2012-13, the gold imports into the country witnessed decrease of 41.56 percent when compared to the imports of September 2011 whereas the gold imports during September 2012 over August 2012 increased by 24.66 percent.
Gold imports in September 2012 stood at $9.621 million against the imports of $16.462 million and $7.738 million in September 2011 and August, 2012 respectively.
It is pertinent to mention here that overall imports into the country during the period under review witnessed decrease of 2.37 percent.
The imports into the country were recorded at US$10.852 billion in
2012-13 against the imports of US$11.116 billion, the PBS data revealed.



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